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Edmonton real estate market - Home Prices Drop in July y" o! b4 _$ W5 B) E
; {* s2 ?' T; T% h" o9 S; wInformation was from the follow link:
- p, H' E: d6 N- h8 l- b0 ]# c* Hhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
7 W0 i! f h3 h D( a8 @" _8 e! u- ^7 g$ A& J3 o9 R/ R
New listings: 456 (492, 455, 529)
+ n* a6 g: t# [9 `- j9 J; K( y# Sales: 198 (276, 228, 218)
* i6 c8 K2 k, g( h; BRatio: 43% (56%, 50%, 41%)
% r1 k9 B/ U; e: n3 S3 B1 ^: ]# Price changes: 341 (390, 363, 369)
9 b) F. _! `, _# Expired/Off Market Listings: 174 (221, 226, 204)" }" {0 Y5 w: c ^+ O* b
Net loss/gain in listings this week: 84 (-5, 1, 107)
& N# w; a5 h2 h: }' v" }Active listings for single family homes: 3454 (3395, 3374, 3329)
: X, Y, F/ q- S" A$ K" h7 kActive listings for condos: 2253 (2232, 2209, 2217)
1 M+ p4 h3 S, x, ^, t, g; ~4 m% C$ q/ M& ?5 v
Inventory, especially of single family homes, is still on the rise. We thought inventory would have peaked by now, and even though the pace has slowed it is still increasing.
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; z) j. S# \5 `( _$ L' gThe REALTORS® Association of Edmonton is reporting 1323 sales so far this month, and with only two days left it looks to be another low for monthly sales for at least 6 years. The average residential sale price sits at $329k (down $1k from last week and $6k from last month), single family homes at $370k (down $1k from last week and $17k from last month – probably one of the biggest drops in a single month we’ve seen) and condos at $244k (down $1k from last week and $4k from last month). |
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